Ryanair Holdings plc (RYA) — Capital Reinvestment Ratio
Ryanair Holdings plc (RYA) has a Capital Reinvestment Ratio of 1.53x as of September 2025, meaning it reinvests 2% of its operating cash flow (€320.90 Million) in capital expenditures (€490.50 Million). Check RYA tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Ryanair Holdings plc Capital Reinvestment Ratio (1996–2025)
This chart tracks Ryanair Holdings plc's Capital Reinvestment Ratio across 29 annual periods. For the full cash flow conversion analysis, see Ryanair Holdings plc (RYA) cash conversion ratio.
Annual Capital Reinvestment Ratio for Ryanair Holdings plc (1996–2025)
Year-by-year Capital Reinvestment Ratio for Ryanair Holdings plc from 1996 to 2025. See RYA free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.45x | €3.42 Billion | €1.55 Billion | ▼ -40.0% |
| 2024 | 0.76x | €3.16 Billion | €2.39 Billion | ▲ +53.9% |
| 2023 | 0.49x | €3.89 Billion | €1.91 Billion | ▼ -19.2% |
| 2022 | 0.61x | €1.94 Billion | €1.18 Billion | ▲ +7.3% |
| 2020 | 0.57x | €2.11 Billion | €1.20 Billion | ▼ -28.6% |
| 2019 | 0.80x | €2.06 Billion | €1.64 Billion | ▲ +20.7% |
| 2018 | 0.66x | €2.23 Billion | €1.47 Billion | ▼ -12.5% |
| 2017 | 0.75x | €1.93 Billion | €1.45 Billion | ▲ +14.1% |
| 2016 | 0.66x | €1.85 Billion | €1.22 Billion | ▲ +41.3% |
| 2015 | 0.47x | €1.69 Billion | €788.50 Million | ▼ -3.6% |
| 2014 | 0.48x | €1.04 Billion | €505.80 Million | ▲ +59.5% |
| 2013 | 0.30x | €1.02 Billion | €310.70 Million | ▲ +6.7% |
| 2012 | 0.28x | €1.02 Billion | €290.40 Million | ▼ -75.1% |
| 2011 | 1.14x | €786.30 Million | €897.20 Million | ▼ -0.3% |
| 2010 | 1.14x | €871.50 Million | €997.80 Million | ▼ -32.6% |
| 2009 | 1.70x | €413.13 Million | €702.02 Million | ▲ +27.6% |
| 2008 | 1.33x | €703.90 Million | €937.12 Million | ▲ +134.0% |
| 2007 | 0.57x | €869.85 Million | €494.97 Million | ▼ -36.4% |
| 2006 | 0.89x | €610.57 Million | €546.23 Million | ▼ -23.3% |
| 2005 | 1.17x | €530.51 Million | €619.13 Million | ▲ +62.6% |
| 2004 | 0.72x | €462.06 Million | €331.60 Million | ▼ -46.4% |
| 2003 | 1.34x | €351.00 Million | €469.88 Million | ▲ +12.5% |
| 2002 | 1.19x | €333.75 Million | €397.23 Million | ▼ -23.3% |
| 2001 | 1.55x | €229.80 Million | €356.67 Million | ▲ +49.7% |
| 2000 | 1.04x | €149.57 Million | €155.10 Million | ▲ +19.0% |
| 1999 | 0.87x | €124.41 Million | €108.45 Million | ▲ +2.1% |
| 1998 | 0.85x | €92.05 Million | €78.55 Million | ▼ -88.1% |
| 1997 | 7.15x | €2.52 Million | €18.05 Million | ▲ +2284.6% |
| 1996 | 0.30x | €39.70 Million | €11.91 Million | — |